Accounting software is a computer program that allows businesses to manage their financial transactions, create and manage financial reports, and track their financial performance. It typically includes the following modules:

• General Ledger: Allows businesses to record and track financial transactions, including sales, expenses, and payments.

• Accounts Payable and Accounts Receivable: Enables businesses to manage their payables and receivables, including invoicing, tracking payments, and generating reports.

• Payroll: Helps businesses to manage employee compensation, including calculating and distributing paychecks, tracking vacation and sick time, and administering benefits.

• Budgeting and Forecasting: Allows businesses to create and manage budgets, and forecast future financial performance.

• Financial Reporting: Generates financial reports, such as income statements, balance sheets, and cash flow statements.

• Tax Preparation and Filing: Helps businesses to prepare and file their taxes, including tracking deductions and calculating tax liability.

• Audit Trail: Maintains a record of all transactions and changes, allowing businesses to track the history of their financial data.

• Multi-Currency: Allows businesses to manage financial transactions in multiple currencies.

• Integration: Accounting software can be integrated with other business systems such as ERP, CRM and e-commerce platforms.

Overall, accounting software helps businesses to manage their financial transactions, create and manage financial reports, and track their financial performance, allowing them to make informed decisions and stay compliant with tax laws.